HEATED: 'Don't be RIDICULOUS!' London CENTRE of dirty money as nearly 40% laundered in capital
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- čas přidán 31. 05. 2024
- 'This government has tried to put in much tougher legislation over this area.'
Conservative Peer, Jacqueline Foster, and Co-founder of Novara Media, Aaron Bastani, react as nearly 40 per cent of dirty money is going through the City of London and other crown dependencies.
This comes as the UK’s deputy foreign secretary said the Foreign Office will make new demands on the crown dependencies and foreign territories to conform with UK rules that establish public records of beneficial share ownership.
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He is correct. Companies in the UK, foreign or British owned,should pay British tax.
But its easier to look into the bank accounts of people who are on benefits instead of going after the super rich who avoid taxes
Taxes are for the poor to pay.
Theft, never made law, never been passed through parliament.
Just agreed annually.
👍
Then the economic migrants should be first to pay.
Oh my God, that politician said so much but actually said nothing. She has no idea what she's talking about.
Billions laundered during covid,many mp.s raked in millions
All part of d plan
Oh dear Michelle and I thought you were a fair person? Now we see your true colours. The laws are created for big business by those who stand to gain. Just because a law is supposedly a law that is mean to be fair, doesn't mean it is right, just and fair!
She showed her colours alright 😂😂😂😂
Well Said!
She’s a paid GBeebies shill, WTF are you talking about?
👍
@@Midland_Wolf_71 And yet GB news has a left leaning journalist on here who made good points, and allows him to speak to the apparently far right viewers to see both sides. Now go to Novara and see it's lack of right leaning guests for balance! So at the moment GB news is less bias than Novara, so what's better a echo chamber or different views from both spectrums?
Holy shit.. I actually agree with Aaron on this video topic! 😯
Aaron is not a typical lefty. I agree with many of the things he says
"Is Britain corrupt"? Is that a rhetorical question?
UK wasted £450bn on covid 19.
Well spoken Aaron - someone with brains on GB News
I think Michelle & the old woman are being willfully naive & deflective of reality in this video.
Acting dumb
👍
She's playing Devil's Advocate. The fella is wrong. You tax people to the hilt, you lose innovation. It's a fact echoed through history.
Hunt saved 100,000 on stamp duty buying flats from tory donor not corruption.
Dirty money, dirty mayor, ditrty place , thats London.
City of London, Infinite rehypothecation, London Metals Exchange market manipulations, Fraudulent Accounting (Tesco etc), Banking double book entry, Insider Trading, debanking and yet I'm the one who is treated like a criminal when I want to take £1500 in Fiat currency Cash from my own bank account.
Any company based in the UK should pay Tax here
Yes, any company which OPERATES in the UK should pay tax here but they use loopholes to ensure that "technically" they don't make a profit in the UK and that's how they get away without paying tax.
I suggest that somebody comes up with a scheme which looks at dividends and bonuses paid to those on the board and upper echelons (regardless of WHERE they the payments are made) and calculates their tax rates accordingly.
Ideally, this needs to be sorted between nations so there is nowhere to hide but since most politicians are millionaires themselves, they have no interest in closing all the loopholes.
They'll TALK about doing it but never ACTUALLY do it.
All vape shops , it’s always empty , have 6 near my home! I’m sure it’s laundering money 💰
theres 5 barber shops on one small steet where i live and its a small village, i think theres money laundering going on there.
TO TRUE
Same as Turkish barbers..and restaurant s
🎉 The newcomers are obviously clued up then. If it’s good enough for the political class, it’s good enough for the average migrant. Good luck I say 🎉
City of London money launderers paradise
Gangster paradise.
you are right all the money goas out of this country
We have about 12 curry houses next door to each other in my town, they open every night and nobody goes in....Obvious what they are used for....
🎉 Making….curry’s…and….naan breads? ….
@@AntiSepticUKW. anchor.
City of London, the Square mile or do you mean Westminster and all the corrupt MP's on the band wagon. I am sure the PM can advise about tax evasion and how to do this and so can the other one opposite.
38% of global all foreign exchange passes through London. Trillions pass through the system each and every day.
Michelle conveniently has to go to a break after Aaron has wiped the floor with her! Priceless!
When it comes to money we are all corrupt biggest of them all is the royal family don't pay a penny in tax jockers 😨😨😨
why are you defending that communist? he probably stands for flooding the country with illegals and taxing you guys to the hilt so that they can live on welfare.
He is right
As bent as a nine bob note. I used to work in the City. I know of what I speak.😊
I think Michelle meant Londonistan, once part of England but now a foreign country.
City of London is a state. It's not part of Londonistan.
Like Vatican city.
Take it back.
No, she meant Londongrad.
Lucky for her she can afford to go on holiday so if she knows the shops are doing this then why are the not investigating them and arresting them she is from the House of Lords for god sake
They all got thier noses in the trough
The entire country is rotten , London is the epicentre
welcome to london - we will protect you and your stolen goods, and preach the world on integrity
RISHI IS A BANKSTER ASK HIM FOR DETAILS
Thats what they mean by service sector. Look at all the ex politicians and their children running financial funds.
“Is Britain corrupt?” In other news unduly lenient sentences not judged to have been unduly lenient, though best not ask the public, while a Colonel from the British Army attending said “stop this it’s become far too silly.” And now for something completely different.
Is there any country that isn't corrupt.
Allah-ballah, don't think the hard-working blue-collar woman worker wears Jacqueline's-style jacket, unless she gets £361.00 quid-a-day for turning up for work.
Is the North Pole cold?
Global warming says no lol
Very cold, BrrrrrrRrr🥶
When the HMRC is taking it easy and is being placed on special measures, what a shock..take a hands on approach and have the UK gridded for businesses and an officer for each making personal visits..then some of these illegal businesses would be rooted out...hopefully there will be an overhaul soon and our tax system will be reduced to match other countries, its far too complex to manage at the moment
HMRC is an offshore company. Let that sink in
It's not cash, it's shell companies. Black economy is not like massive international money laundering operations that you ought to be talking about.
I wonder where it’s going 🧕🧕??
-Peace- Wealth be upon him.
@Richard-Cashisking Allah always provides you see.
Complains about American companies buying British companies, no mention of European companies, most of our electric companies are European owned, Germany is getting contract in Grangemouth etc. China own a multitude of companies, plus oil and gas!
This laundering is what the British-Left should have been fighting for years, but for some mysterious reason it has been ignored for far more trivial problems.
he is right someone i know was on benefits then move to spain buy a business out of benefits in uk 🇬🇧
so many scammers today if your on benefits every one should be on a new card system where no money is allowed to move to other banks in other countries and the card should be only used for uk 🇬🇧 no more cash when you get paid on the day less you go work earn your own
Everyone is a criminal .
We absolutely shouldn’t be allowing foreign businesses to buy uk companies which impact oI lives such as food production, housing, utilities etc.
Could the two of you ladies look down your nose at him any more? I don't think he is saying this meets the legal definition of corruption but that the practice is not a completely just one. These are things that men and women of every country need to be examining in regards to its own practices and who exactly these practices benefit. Because, if they are not directly for the benefit and prosperity of its own Citizens as in First And Foremost then they are bad practices.
A 3 year building project has just started at the top of Church Street Kensington. A 17 story block of luxury flats costing millions each of which many will be bought with dirty money leaving no paper trail, no individuals name will be known and after a two or three year period sold on creating what was illicit wealth into laundered money. The flats may well be left unoccupied.
If you want to start looking at corruption they should look at the state!
When the state stops being so currupt and inefficient the taxes would be at a rate that is affordable to everyone.
We need to get back to a low tax, low red tape economy and a small state is part of that, things won't get better until the bloated state is sorted out!
Londonistan in the word she was looking for but afraid to say.
Where company House Gary Waterman evidence fact
Yeah, they won't talk to him will they
Sunak made £120 million in the last 12 months 😂. Doesn’t seem so incompetent when it comes to filling his pockets does it 😂😂
bit like when I was at college I HAD TO PAY POLL TAX, todays students dont pay any council tax!
Any business that evades taxes should not have access to the UK legal system when settling disputes.
Why are we letting them parasite off us?
These "experts" never reveal how they recognise dirty money from legal transfers.
And I would hazard a guess that nobody really knows, because what is dirty money anyway?
EVERY tax payer in this country practices tax avoidance. It is 100% legal.
Ask the the lady from the Lords we're does all the council tax go 😢
Every single office building in the City of London has a registered ownership in a Tax heaven.
1:57 Where was this guy back in 2005 when HP was sold to Heinz under New Labour and production was moved to the Netherlands?
How old do you think he is?????
That was 20 years ago and where was all the internet access back in 2005???? There was no platform to bring this to the attention of the public BUT now there is
It's insulting to the memory of people that died and fought in world wars ! It wasn't for this outrageous disregard of the British publics safety,angry or what.
Well the practice he describes at the beginning is unethical, but not technically corrupt. Not sure why he brought that up when talking about money laundering…
Why does a village need four turkish barber shops. Why are councils allowing this
Ask SUNAK, For Details 😂😂
Aaron is correct about tax avoidance, and nothing being done in the national interest. This is the conservative blind spot, and why I support the Nat Con movement.
How does a nhs cleaner own 2 houses and a car wash .
Meanwhile I am struggling to meet AML requirements/conveyancing to sell a rental property of mine in the UK (as an Overseas Expat), because I dont have TWO documents ie utility bills, linking me to that address.
This is smoke and mirrors. The UK can pretend to be fighting money laundering using AML laws that affect genuine law abiding citizens, whilst the corrupt OCG’s press on with laundering.
So, are we worse than Ukraine?
Need to go into politicians bank accounts .
So much for the lie of the free market!
Always has been,see it myself as a kid in the 90s.
Clearly he's not got a clue on global business
🤣😂 - keep watching from sideline, bozo...the game is the game
What about casino in newcastle theyve been doing it for years .
So how do fund public services.. private health care doesn’t have. A & E departments. & there’s the crunch..the electorate have created a two tear system.. (shooting themselves in the foot)
corrupt as f
Only little people pay tax.
I agree with Aaron re Cadbury
Your title....YESSSSSS SHAME on us.
Aaron is it corrupt for foreign nationals to come to this country, largely pay no tax and take benefits and housing form British people? Surely the same rules apply as foreign businesses? Corrupt?
But who made Britain’s a shit nation conservatives and labour we need a change
3 cureencies are laundered most, dollar, euro and pound. And always have favourable exchange rates. 40% shows brexit is working.
This platform is a joke 😂😂😂😂😂😂😂😂🤭😎
“You WAS also talking…” She can’t even speak FFS!!!
I would say there’s a reason (husband cough cough) Michelle is so defensive about tax avoidance here
The topic is high level tax avoidance, costing the exchequer billions. Instead of discussing this, the presenter takes that as being local barber shops owned by foreigners. If you want to know why, Google who owns GB News!
Tax is for the poor working population, a rich person like Michelle will always justify why the rich should pay low taxes than the poor
Yes why ask we all know it true
Tax avoidance isn’t breaking the law is it …..
Tax avoidance is an avoidance via a so called law which suits those who created that so called law. Wake up! Avoidance is still Avoidance.
Taking tax is.. i was never asked nor did i ever consent. I'd opt out of society all together but oh wait.. can't work without an NI number and bank account any more eh.. it's extortion backed by corrupt legislation that should NEVER have been passed.
Sounds like Michelle may be using tax avoidance tactics.
Lower corporation tax then to make us more competitive with other places, a smaller slice of the pie is better than nothing at all. I don't get why ours in the UK is 25%, companies will go where they get the best deals on taxes (12.5% Ireland ,Switzerland starts at 11.9% to 21%). If you want people working and companies to employ staff here then make the UK the best place to setup your company. This will give the economy the push it needs and start the turn around this country needs.......
Why dont hmrc cracck down on cash only businesses expecially coloured people.
After 14 years of the tories and their cronies raking in their illicit money.Suddenly at the prospect of a Labour govt they wish to do something about it.
check out the labour party most have two propertys and never had proper job in there lifes have good look lib dems ed davey or anti british anti church arch bishop see all the church closed in bristol there flats or low cost communty housing
Labour did nothing about this when they were in power for 13 years. They are all bent.
Russian money still coming into london
The main problem with the British Tax System, is that it is designed as overly complicated, so that those that know how to can avoid paying. I know a lot of people who set up limited companies to work as contractors in the rail sector just so that they can minimise their tax liability. The rich have trusts and offshore companies so that they can avoid tax.
A simple tax system would be that everybody, inluding companies would pay a flat rate 10% of ALL of their UK based earnings, NOT of their profit, but their entire income. So if you earn £1000, you pay £100, or if you earn £1,000,000, you pay £100,000, with no allowances or expenses write offs.
Do away with Non-Dom status, and dual or multi nationalality status. Do away with getting British Citizenship, unless you give up your foreign passport/ nationality. That would close the loopholes.
Get it up to 100% of laundered money we could do with the revenue
What the lunatic is saying about dividend tax is WRONG, Dividends are taxed at 20% however when you then go to pay yourself the remaining 80% of your profit you then have to pay another 7%, so I most small businesses there are normally 2 director husband and wife, So in a year you may make, Example £1000 profit, the taxman take 20% leaving £800 then you split the divvies two directors and you both pay another 7% each so on the money there has been 34% applied
Why is GBNEWS bringing on far left media performers.
Dewberry never fails to contradict her “beliefs” and expose how ridiculous she is
Please get this foreign boy off and take his nonsense with him
Wake up munter, you,ve been take to the cleaners for years & what do you know? = Nothing!
He's the only one talking any sense ,l as a pensioner get state pension and private monthly together amount to 1,070 pounds a month and that's after paying tax l personally don't think I should be paying tax l have to try to make ends meet 😢
All big business will leave the UK if capital gains is taxed at the same rate as wages and entrepreneurs will think twice about starting a business!! They employ people,so it has to be a balance!! Business owners take risks, millions of businesses go bankrupt they don't all make money!! But people will not take risks if it's not worth their while!! The gentleman is wrong and not looking at the big picture!!
I’m so shocked